Commercial Real Estate Market in Hertford, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
252 active listings and 353 off-market properties in Hertford, NC. Commercial property asks $29/SF to buy and $11.49/SF/Yr to lease.
Market Trends
Hertford, NC spans 175.1 square miles in Perquimans County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hertford, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Hertford, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hertford, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Hertford, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.2%
- Commercial 18%
- Industrial 2.1%
- Civic 0.7%
Largest Zones share of zoned land by district
Residential Agricultural
Commercial General
Single Family Residential
Residential District
Residential District
Hertford, NC zones 4,349 acres across 13 districts. Commercial zoning covers 18% of zoned land, residential 79.2% and industrial 2.1%. The largest single district is Residential Agricultural at 60%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
Residential Agricultural (R-A)
The purpose of this district is to create an area in which residential and agricultural uses can be compatibility mixed where water and sewer are not available or where development of low density is desired. Single family residences and agricultural uses are allowed with a minimum lot area of 20000 square feet.
Market overview
Demographics & Economy
Hertford, NC has 11,406 residents in 6,038 households. Density runs 65 people per square mile. Median household income here is $61,911 and median gross rent $1,085 a month.
11,406
Population
6,038
Households
1.9
Avg Household Size
51
Median Age
20%
College-Educated
86%
High-School Grad
175.1 sq mi
ZIP Area
65
Density / Sq Mi
$61,911
Median Household Income
$39,182
Median Earnings
$1,085
Median Rent
$216,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Winfall | — | — |
| Elizabeth City | — | $24.28 |
| Belvidere | — | — |
| Edenton | — | — |
Commercial property in Hertford, NC asks $29/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hertford?
Commercial property in Hertford, NC asks an average of $29 per square foot. The 5 most recent recorded sales traded at a median of $118/SF.
How much does it cost to lease commercial space in Hertford?
Asking lease rates in Hertford, NC average $11.49 per square foot per year.
What zoning applies to commercial property in Hertford?
Hertford, NC zones 4,349 acres across 13 districts, of which 18% is commercial and 2.1% industrial. The largest single district is Residential Agricultural at 60% of zoned land. The purpose of this district is to create an area in which residential and agricultural uses can be compatibility mixed where water and sewer are not available or where development of low density is desired. Single family residences and agricultural uses are allowed with a minimum lot area of 20000 square feet. Residential zoning covers 79.2% and open space 0%.
Where does Realmo's Hertford market data come from?
Realmo compiles Hertford, NC figures from 7 recent recorded sales, 249 active sale listings, 3 active lease listings, 353 tracked off-market properties, the current Hertford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 249 active for-sale and 3 active for-lease listings in Hertford, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 4,349 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
